Dallas-area athletes' charities
Athletes who run charities often benefit from tax breaks and positive publicity. Figuring out how much good they’re doing can be difficult. Here is a sampling of Dallas-area nonprofits run by pro teams, their owners and players.
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Where do donations go?
Athletes who run charities often benefit from tax breaks and positive publicity. Figuring out how much good they’re doing can be difficult. Most experts suggest the public consider these factors when deciding whether to donate to any nonprofit: How effective is the organization at fulfilling its mission? And how efficiently is it spending money? Industry watchdogs say the nation’s best large charities — those with $1 million or more in annual revenue — typically spend 75 percent of their money on programs. Smaller charities often spend less, but there is no industry threshold for how much less. Here is a sampling of Dallas-area nonprofits run by pro teams, their owners and players:
SMALL CHARITIES Small charities often appear less efficient than large ones because of standard costs such as insurance, accounting and legal fees. Even so, experts say an analysis of spending is a key reference point the public should use when evaluating nonprofits.
PUBLIC CHARITIES vs. PRIVATE FOUNDATIONS Public charities and private foundations report information differently to the IRS. Nonprofits’ financial performance should be considered within the context of how effectively the organization is performing its stated mission, experts say. Experts urge caution when comparing private foundations and public charities. TOTAL SPENDING $42,521 $85,418 $1,721,933 $1,262,891 $576,163 $291,321 $55,944 $56,209 $474,079 $852,162 $272,409 $384,885 $103,195 $166,871 $26,309 $207,159 $115,731 $109,939 $53,189 $208,308 $4,476 $55 80.3% 100% 100%
100% 80 60 40 20 0
RESERVE FUNDS Some industry experts say public charities should not carry more than three times their annual budget in reserves. However, private foundations operate under different rules, and it is acceptable for them to maintain healthy savings accounts.
■ Public charity
● Private foundation
OVERHEAD PERCENTAGE 0% 0.5% 1% 2.2% 5.4% 6.7% 10.6% 11% 20% 21.3% 27.8% 29.7% 31.6% 35.9% 47.4% 48.7% 49.6% 54.5% 61.1%
CHARITY PERCENTAGE 100% 99.5% 99% 97.8% 94.6% 93.3% 89.4% 89% 80% 78.5% 72.2% 70.3% 68.4% 64.1% 52.6% 51.3% 50.4% 45.5% 38.9% 19.6% 0% 0%
20 40 60 80 100%
NONPROFIT NAME ■ Triple Play Ministries (Josh Hamilton) ● Gene & Jerry Jones Arlington Youth Foundation ● Gene & Jerry Jones Family Foundation ● Mark Cuban Foundation ■ Jason Witten S.C.O.R.E. Foundation ● Dallas Mavericks Foundation ● Dirk Nowitzki Foundation ● Mike Modano Foundation ■ June Jones Foundation ■ Texas Rangers Baseball Foundation ● (Roger) Staubach Family Foundation ■ Dallas Stars Foundation ■ Troy Aikman Foundation ■ Brad Richards Foundation ■ Jason Terry Foundation ■ Nolan Ryan Historical Foundation ■ Joshua Howard Foundation* ■ Terence Newman’s Rising Stars Foundation* ■ Pat & Emmitt Smith Charities* ■ Keith Brooking Children’s Foundation* ● Erick Dampier Foundation** ■ Jason Kidd Foundation**
CHARITABLE SPENDING $42,521 $85,000 $1,704,721 $1,235,200 $545,143 $271,772 $50,000 $50,000 $379,192 $668,655 $196,550 $270,632 $70,557 $106,966 $13,827 $106,180 $58,330 $50,000 $20,713 $40,925 $0 $0
YEAR-END RESERVES $21,624 $1,441,108 $30,949 $12,910,669 $123,615 $1,980,176 $122,238 $188,085 $67,524 $1,428,891 $2,663,205 $456,693 $1,609,887 $37,611 $27,207 $1,425,255 $4,532 $29,598 $166,303 $158,741 $145,319 $87,947
* New public charities. Start-up costs may skew financial performance. ** Inactive nonprofits during the last two publicly available tax reporting periods.
Note: Emmitt Smith and Keith Brooking’s charity information based on private foundation tax forms.
Note: All figures are from 2008
Research by SCOTT FARWELL/Staff Writer
Athletes who run charities often benefit from tax breaks and positive publicity. Figuring out how much good they’re doing can be difficult. Most experts suggest the public consider these factors when deciding whether to donate to any nonprofit: How effective is the organization at fulfilling its mission? And how efficiently is it spending money? Industry watchdogs say the nation’s best large charities — those with $1 million or more in annual revenue — typically spend 75 percent of their money on programs. Smaller charities often spend less, but there is no industry threshold for how much less. Here is a sampling of Dallas-area nonprofits run by pro teams, their owners and players:
SMALL CHARITIES Small charities often appear less efficient than large ones because of standard costs such as insurance, accounting and legal fees. Even so, experts say an analysis of spending is a key reference point the public should use when evaluating nonprofits.
PUBLIC CHARITIES vs. PRIVATE FOUNDATIONS Public charities and private foundations report information differently to the IRS. Nonprofits’ financial performance should be considered within the context of how effectively the organization is performing its stated mission, experts say. Experts urge caution when comparing private foundations and public charities. TOTAL SPENDING $42,521 $85,418 $1,721,933 $1,262,891 $576,163 $291,321 $55,944 $56,209 $474,079 $852,162 $272,409 $384,885 $103,195 $166,871 $26,309 $207,159 $115,731 $109,939 $53,189 $208,308 $4,476 $55 80.3% 100% 100%
100% 80 60 40 20 0
RESERVE FUNDS Some industry experts say public charities should not carry more than three times their annual budget in reserves. However, private foundations operate under different rules, and it is acceptable for them to maintain healthy savings accounts.
■ Public charity
● Private foundation
OVERHEAD PERCENTAGE 0% 0.5% 1% 2.2% 5.4% 6.7% 10.6% 11% 20% 21.3% 27.8% 29.7% 31.6% 35.9% 47.4% 48.7% 49.6% 54.5% 61.1%
CHARITY PERCENTAGE 100% 99.5% 99% 97.8% 94.6% 93.3% 89.4% 89% 80% 78.5% 72.2% 70.3% 68.4% 64.1% 52.6% 51.3% 50.4% 45.5% 38.9% 19.6% 0% 0%
20 40 60 80 100%
NONPROFIT NAME ■ Triple Play Ministries (Josh Hamilton) ● Gene & Jerry Jones Arlington Youth Foundation ● Gene & Jerry Jones Family Foundation ● Mark Cuban Foundation ■ Jason Witten S.C.O.R.E. Foundation ● Dallas Mavericks Foundation ● Dirk Nowitzki Foundation ● Mike Modano Foundation ■ June Jones Foundation ■ Texas Rangers Baseball Foundation ● (Roger) Staubach Family Foundation ■ Dallas Stars Foundation ■ Troy Aikman Foundation ■ Brad Richards Foundation ■ Jason Terry Foundation ■ Nolan Ryan Historical Foundation ■ Joshua Howard Foundation* ■ Terence Newman’s Rising Stars Foundation* ■ Pat & Emmitt Smith Charities* ■ Keith Brooking Children’s Foundation* ● Erick Dampier Foundation** ■ Jason Kidd Foundation**
CHARITABLE SPENDING $42,521 $85,000 $1,704,721 $1,235,200 $545,143 $271,772 $50,000 $50,000 $379,192 $668,655 $196,550 $270,632 $70,557 $106,966 $13,827 $106,180 $58,330 $50,000 $20,713 $40,925 $0 $0
YEAR-END RESERVES $21,624 $1,441,108 $30,949 $12,910,669 $123,615 $1,980,176 $122,238 $188,085 $67,524 $1,428,891 $2,663,205 $456,693 $1,609,887 $37,611 $27,207 $1,425,255 $4,532 $29,598 $166,303 $158,741 $145,319 $87,947
* New public charities. Start-up costs may skew financial performance. ** Inactive nonprofits during the last two publicly available tax reporting periods.
Note: Emmitt Smith and Keith Brooking’s charity information based on private foundation tax forms.
Note: All figures are from 2008
Research by SCOTT FARWELL/Staff Writer
